Cultural Dimensions of Leadership
February 12, 2025
Organization culture refers to the various ideologies, beliefs and practices of an organization which make it different from others. The culture of any workplace decides how employees would behave with each other or with the external parties and also decide their involvement in productive tasks. Hofstede also known as Geert Hofstede proposed that national and […]
Undertaking financial and non-financial risks is the basic job of any business organization. In fact, profit is considered to be a reward for efficiently bearing risks. Since risk-taking is so crucial, It is for this reason that every organization needs to create a framework that needs to be followed in order to manage risks in […]
In the previous article, we understood what reinsurance is. We also studied the various types of reinsurance contracts that are commonly signed by insurance companies. The problem is that many a times people get confused between reinsurance and double insurance, since there are more than one insurance companies involved in both the cases. However, it […]
Every organization expects its employees to be well groomed and presentable. Employees need to understand that sensible dressing goes a long way in building their professional image. As an employee, you are also representing your organization. One needs to be formally dressed to make a powerful first impression at the workplace. First impressions are indeed […]
Negotiation is a technique employed to avoid conflicts and decide something which would benefit all. Individuals negotiate with each other and try to reach to a solution satisfying all. Negotiation is not possible unless and until individuals learn to compromise to some extent and stop finding faults in each other. Professionals must know how to […]
Preparing a leadership development plan is not an easy task. The entire process involves a comprehensive effort and careful planning at every stage.
Various steps go into the development of a leadership development plan. The process starts with an initial phase of self-assessment and the data collected from self-assessments is then used for defining the vision and goals.
The next stage is the stage of the definition of SMART objectives which contribute towards the enablement of the objectives and identification of the competencies which help in the realization of these objectives.
Steps which are required to be taken after writing a leadership development plan:
The stage of implementation of a leadership plan involves the following key aspects:
For keeping the motivation levels high, apart from regular monitoring, rewarding achievements is also crucial as a leader progresses through various stages of the development plan.
Employee retention and motivation can be achieved by engaging the employees in career development programs which can also be combined with mentoring support and facilitation.
Mentors offer a structured and a transparent feedback to the mentees on their progress at work, their areas of improvement and also suggest a remedial plan of action for developing their leadership talent.
Critical operations from the stage of onboarding of an employee, implementation of employee engagement and retention initiatives, to mentoring & coaching for performance enhancement, strategizing succession planning to fill up important leadership positions, can be efficiently managed by using technology.
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